Westamerica Bancorp (FRA:WB1) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Westamerica Bancorp LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Westamerica Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Westamerica Bancorp's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Westamerica Bancorp is progressively becoming more dependent on debt to grow their business.

Westamerica Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Westamerica Bancorp's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Westamerica Bancorp LT-Debt-to-Total-Asset Chart

Westamerica Bancorp Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Westamerica Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.03

Westamerica Bancorp LT-Debt-to-Total-Asset Calculation

Westamerica Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	17.252	/	5836.331
	=	0.00

Westamerica Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	202.377	/	5947.51
	=	0.03

Westamerica Bancorp (FRA:WB1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Westamerica Bancorp LT-Debt-to-Total-Asset Related Terms

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Westamerica Bancorp (FRA:WB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westamerica Bancorp (FRA:WB1) » Definitions » LT-Debt-to-Total-Asset

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WABC:USA

Address

1108 Fifth Avenue, San Rafael, CA, USA, 94901

Website

https://www.westamerica.com

Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The bank's net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller businesses. Its footprint encompasses central and northern California, extending north of San Francisco to Mendocino and Lake counties, south to Kern County in central California, and all the way east to Nevada County.

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